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Interest Rates Held Again but Bank Entertains Talk of June Cut

Governor Says Conditions ‘Moving in the Right Direction'
Tulips outside the Bank of England in the City of London. (Mike Kemp/In Pictures via Getty Images)
Tulips outside the Bank of England in the City of London. (Mike Kemp/In Pictures via Getty Images)
CoStar News
May 9, 2024 | 1:52 P.M.

The Bank of England has held interest rates at 5.25%, with the UK's central bank resisting pressure from big business for a reduction.

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